.), enter a description of the charge, list the amount, and add it to the ledger.

Your daughter is more likely to respect the property if she's paying for it.You are allowed to "gift" a certain amount to your child tax-free.

Property is generating a small amount of cashflow.

Anything related to Work Comp is VERY state specific and as an insurance agent who is also a fix and flipper I'll say this - unless you outsource 100% of your rehab to a GC and your contracts specifically state how the GC is responsible for work comp matters you may not need it.

Hello everyone I am 18 years old, with no proof of experience in the fix and flip business.  

Correct, I have housemates to help with living expenses; however, I am not really using the BRRRR method because my renovations are cosmetic (changing light fixtures, furniture, paint, small fixes).

Purchase price: $78,000 I bought a single-family home for $78,000 and secured a private money loan to cover the full amount over 30 years.

It can be a hefty amount unless you sell FSBO.

I am looking for a insurance company that is coat effective and works with fix and flip/construction property and liability insurance.

Sales price - assumed loan amount = cash you need to bring to close.